Legal & General Group Plc Sells 54,547 Shares of Fair Isaac Co. (NYSE:FICO)

Legal & General Group Plc reduced its holdings in Fair Isaac Co. (NYSE:FICO) by 24.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 167,044 shares of the technology company’s stock after selling 54,547 shares during the quarter. Legal & General Group Plc owned about 0.68% of Fair Isaac worth $332,573,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Rakuten Securities Inc. increased its position in Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after buying an additional 8 shares during the period. Berbice Capital Management LLC bought a new position in Fair Isaac during the fourth quarter worth $40,000. Avalon Trust Co bought a new stake in Fair Isaac in the 4th quarter valued at $40,000. OFI Invest Asset Management acquired a new stake in Fair Isaac in the 4th quarter worth $42,000. Finally, Versant Capital Management Inc increased its holdings in shares of Fair Isaac by 500.0% during the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock worth $48,000 after purchasing an additional 20 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Insider Transactions at Fair Isaac

In related news, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the sale, the chief financial officer now owns 2,478 shares in the company, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO William J. Lansing sold 4,092 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at $72,801,401.22. The trade was a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,241 shares of company stock worth $18,186,184 over the last 90 days. 3.46% of the stock is owned by insiders.

Analyst Ratings Changes

FICO has been the topic of several research reports. Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. JPMorgan Chase & Co. assumed coverage on Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $2,500.00 price target on shares of Fair Isaac in a research note on Wednesday, February 5th. UBS Group dropped their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, Oppenheimer lowered their target price on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,080.46.

Fair Isaac Stock Down 2.6 %

Shares of NYSE FICO opened at $1,668.93 on Wednesday. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52. The firm’s 50-day simple moving average is $1,813.35 and its 200 day simple moving average is $1,983.89. The company has a market cap of $40.75 billion, a price-to-earnings ratio of 76.59, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. On average, equities analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.